The Official Helmi Hakim Website » Motivation

How To Curb Yourselves From Spending Over Your Limits…

Helmi Hakim — Thu, 08 Dec 2011 16:34:12 +0000

Few days back, I received a whatsapp message from my girlfriend.

She was talking about buying a beautiful eyeshadow, which was on sale at Tampines Point.

As she knew that I am a prudent and careful buyer, also a voracious saver, she asked me for help……. She asked me to motivate her, not to succumb to the temptation of forking out HUGE dollars from her wallet, to buy the beautiful eyeshadow……..~~shehasmanyofit~~

Did I succeed to convince her? The answer is a miserable, NO!

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Today, I am going to share with you, simple yet pragmatic strategies on how, I curb myself from squandering and spending all my money on things that, I may not need.

Strategy No 1: Stop before you buy

The first strategy to curb yourself from spending is to procrastinate in buying…

Keep telling yourself, that you are going to buy the stuffs that you are looking at, the next following day.
I assure you that you will soon forget about it.

Tell yourself, “Do I really need this?”

How many hours, must I work to get back this money? How much is it worth, if i invest it @10%/annum in 10 years, 20 years, 30 years?

Strategy No 2: Pay yourself first

When you get your income, pay your personal savings plan first. You can instruct bank to do an automatic deduction to your personal savings plan. You can get endowment plans, or invest in funds, stocks or commodities like gold…

By setting aside that money for savings seperately, you will reduce the tendency to spend all that you have at once…

Strategy No 3: Destroy all credit cards except one. and pay full balance on time

Have you ever wonder, why the banks keep offering you attractive freebies, reward points and rebates if you sign up for their credit cards?

It is because, they know, when you have a credit card, you will tend to spend MORE when you have access to this easy credit…. They want you, to owe them money and pay interest…

My recommendation for you, is that, only keep one credit card for use, and pay the full balance on time….

That’s it!!! I hope, the 3 strategies, that I share with you, will be of much help for you to curb yourselves from spending over your limits….

My other related posts that may interest you:

Proven Methods I Learn In School To Help You Make Decisions…..

Helmi Hakim — Tue, 17 May 2011 17:35:38 +0000

Alhamdulillah….I completed my 2 exams, Advanced Quantitative Analysis and Corporate Finance, last week…

It is definitely challenging for me, to juggle both work and study at the same time, but I guess, I will soon, get used to it. I am thankful, that my job, as a financial consultant, is pretty FLEXIBLE.

We can make appointments as and when we want. We can postpone appointments, when the exams are drawing near….all in all, while still maintaining our steady paycheck. ~~Isnt that cool?~~

All right…. As I undertake my studies, I will share with you, stuffs, that I learn in school, which I believe, can be applied in the business world. Let us start, with MAKING DECISIONS…

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In life, we are bound to make DECISIONS.

It may be a big decision or a small one to make.

It may be a simple one, or a life threatening one.

It may be a routine one, or a ONE TIME decision.

Today, I am going to share with a you, a very good decision making model, that I have personally learnt in class and then apply, in the real business world. Just browse through the slides below to get an idea…

(Note: Some details were omitted due to confidentiality)

Lastly, after computing and tabulating the scores, a final decision is made!!!

My other related posts that may interest you:

Writing a blog post from my iPhone

Helmi Hakim — Tue, 26 Apr 2011 02:15:23 +0000

You see….Sometimes, I do procrastinate to update my blog, and my friends told me that it is unhealthy…

I have just discovered that I can blog pretty easily from my iPhone, while I am in the MRT, in the bus or waiting for my clients etc2….I AM DOING SO NOW!!!

Today, I just want to share with you a quote that I feel, is powerful….

“You can go far, if you are alone….but you can go further, if you are in a team….”

Think about it and reflect…See ya

My other related posts that may interest you:

Election Is Coming……What is on your wishlist???

Helmi Hakim — Mon, 25 Apr 2011 16:54:28 +0000

Election Is Coming……What is on your wishlist??? Do share with us here……

My other related posts that may interest you:

Financial Consultant, Helmi Hakim Recommends IslamicBusiness.sg

Helmi Hakim — Mon, 14 Feb 2011 12:42:09 +0000

Is there at times in your life, where you were overwhelmed with questions?

Questions about life….Questions about relationship…..Questions about business….

Questions that it seems difficult in finding the answers, especially one, that in conjunction with the Quran and Hadith.

As a financial consultant, I would consider myself as a voracious reader and collector of books on personal finance, sales, motivational, inspirational, business and politics etc2….. (I have a huge library in my personal office and at home)

When imbued with questions, I will seek the answers from these books. While browsing through all those books in my collection, I soon realize that almost 90% of them were written by Western authors.

Motivational books, I will find the likes of Anthony Robbins, Jack Canfield, Stephen Covey, Wayne Dyer

Book on sales, I will find Zig Ziglar, Brian Tracy, Tom Hopkins, Jeff Gitomer

Books on business, I will find Robert Kiyosaki, Richard Branson, Donald Trump

Books on motivation, sales and business, in relevance with Quran and Hadith, and in English???
I could not find any, of quality….

So, when my friend, Bro Hafihz, starts with the revolutionary idea of IslamicBusiness.SG, I was happy. This is because, if I have any queries, I can always type in the website and answers will be provided by a panel of experts, and it will be substantiated with the Quran and Hadith.

The point system is also helpful, for me to determine, amongst all the answers to the question, which is the best.

I will urge you, to browse through the questions that I have posted, and participate. Share your thoughts, and post questions if you have any……Visit www.islamicbusiness.sg today…